In which situation is group decision making likely a better choice over individual decision making? programmed decision under conditions of high risk or uncertainty programmed decision under conditions of low risk or certainty nonprogrammed decision under conditions of high risk or uncertainty nonprogrammed decision under conditions of low risk or certainty
Answers
Option 3 is correct. Group decision making is often a better choice over individual decision making in situations involving nonprogrammed decisions under conditions of high risk or uncertainty.
Nonprogrammed decisions refer to unique and complex problems that require creativity, judgment, and analysis. In such situations, the involvement of multiple individuals can offer diverse perspectives, knowledge, and expertise. When facing high risk or uncertainty, the collective intelligence of a group can help mitigate biases and increase the chances of identifying innovative solutions or alternative approaches. Group decision making allows for brainstorming, open discussions, and critical evaluation of different options, enabling a more comprehensive analysis of the problem at hand.
By involving multiple individuals, group decision making can also enhance the acceptance and commitment to the chosen course of action. When people participate in the decision-making process, they are more likely to feel engaged and accountable for the outcome. Furthermore, group decision making promotes a sense of shared responsibility and fosters collaboration among team members.
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The complete question is:
In which situation is group decision making likely a better choice over individual decision making?
1. programmed decision under conditions of high risk or uncertainty
2. programmed decision under conditions of low risk or certainty
3. nonprogrammed decision under conditions of high risk or uncertainty
4. nonprogrammed decision under conditions of low risk or certainty
Related Questions
if a group of people form a cooperative housing corporation, they will each buy:
Answers
If a group of people forms a cooperative housing corporation, they will each buy shares in the corporation rather than purchasing individual units or properties. In a cooperative housing model, the corporation owns the entire property or building, and each member of the cooperative holds shares in the corporation, representing their ownership stake.
When individuals join the cooperative, they typically purchase shares proportional to the size or value of the unit they wish to occupy within the property. The price of the shares may vary depending on factors such as the location, amenities, and market conditions.
By purchasing shares, cooperative members acquire the right to occupy a specific unit within the property and participate in the decision-making processes of the cooperative. They typically pay monthly fees or "carrying charges" that contribute to the maintenance, operation, and common expenses of the cooperative.
It is important to note that cooperative housing differs from traditional homeownership or condominium models, as the focus is on collective ownership and decision-making rather than individual ownership of specific units.
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Why is important for all business majors to study strategic management since most students will never become a chief executive officer nor even a top manager in a large company
Answers
Answer:
it is good that all business majors study this regardless, as strategic management takes place at several/multiple levels in any organization they may find themselves
Explanation:
Even though most students may never become CEOs or branch manager or department heads of departments, it is good they study strategic management as strategic management provides directions through the development of plans on how to achieve an organizations set goals.
Several other levels in an organization may require the knowledge of strategic management. These employees in these other job roles could be asked to complete strategic plans for their various departments. Also at all levels, employees are asked to make contributions towards their organizations strategic plan. This makes it important for all business majors to study.
A unit of work should appear at only one place in the wbs.a. Trueb. False
Answers
The answer is true, each unit of work in a Work Breakdown Structure (WBS) should appear only once to avoid duplication and confusion.
According to the WBS (Work Breakdown Structure) principles, a unit of work should only appear in one place in the WBS. This is because the purpose of the WBS is to break down the project into smaller, manageable components. Each component should be defined in such a way that it is unique and non-overlapping with other components. If a unit of work appears in multiple places in the WBS, it can lead to confusion and duplication of effort, which can impact the overall project schedule and budget. Therefore, it is important to ensure that each unit of work is clearly defined and appears only once in the WBS.
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the margin of safety for the miter saw is?
A. two inches
B. three inches
C. four Inches
D. six inches
Answers
Answer:
D six inches
Explanation:
Your still cute
Answer: D. Six inches MINIMUM margin of safety at all times.
The effect of an increase in the money supply on the rate of inflation micro or macro.
Answers
The effect of an increase in the money supply on the rate of inflation micro or macro is a macroeconomic issue.
In economics, delivery is the amount of a useful resource that corporations, producers, laborers, providers of monetary belongings, or other economic retailers are willing and able to offer to the marketplace or to a character. deliver may be in produced goods, labour time, uncooked substances, or some other scarce or precious object.
Supply is a fundamental financial idea that describes the full amount of a specific correct or provider that is to be had to consumers. supply can relate to the amount available at a selected price or the amount available throughout a number charges if displayed on a graph.
Supply in economics is defined as the whole quantity of a given service or product a supplier gives to customers at a given duration and a given price degree.
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a) From a one-way street, you USUALLY make a left turn from: the left curb lane. b) any lane if it is safe to do so. c) the two lanes closest to the left curb.
Answers
Answer:
c
Explanation:
the majority of problems Best Buy was facing have been brought about by _________________force.
Answers
Answer:
external force
Explanation:
The majority of the problems best buy is facing have been brought about by external forces. This includes competition from rivals such as Amazon and Walmart. This makes the company loose it's shares in the market and the company's stock loosing it's value.
Question # 6 Multiple Choice A hotel in the Virgin Islands offers an all-inclusive deal, which includes, flight, lodging, and food. However, there are not selling because people feel it's too expensive. Which of the following is not one of the Ps illustrated in this example? packaging partnership price people
Answers
Answer:
The correct option is;
Packaging
Explanation:
The four Ps of marketing are Product, Price, Promotion, Place. Some additional Ps have been added due to present day market structure and serve to fine-tune the marketing organization.
The additional Ps includes; People, Process, Physical evidence, Packaging, Performance, Partnerships and Programs
Among the Ps listed, the P not illustrated in the example is packaging which contributes to building a public image for the business
Answer:
People
Explanation:
The hotel is doing what the customers want. I also just got it right.
Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answers
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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Leopardstown Fitness Centre in Dublin is considering the purchase of some new training equipment which has a retail price of €8,600. The club has only €600 available to fund the purchase at this time. Following discussions with its local bank, as well as a sales representative from the suppliers, the centre is faced with the following possibilities.
Rental: Pay a monthly rental of €140 for five years, plus an annual maintenance payment of €150.
Hire purchase: Pay a deposit of €600, plus 60 monthly instalments of €150.
A final payment of €480 must then be paid.
Bank loan: Borrow the amount needed for five years on which interest is charged at a flat rate of 7% per annum.
Calculate the total cost of each option over a five-year period.
Answers
Answer:
The cost of each option is as below
Explanation:
Option A: Rental
monthly rental for five years: each month €140
Each year has a maintenance fee of €150.
The total of the rental will be monthly rent plus yearly charges.
One year has 12 months; five years will have = 12 x 5 = 60 months
For 60 months, rental payments will total 60 x €140= €8,400
Yearly charges = €140 x 5 = €700
Total for rental = €700 + €8,400
Total cost for rental = €99, 1100
Option B: Hire purchase
Total for hire purchase will be the deposit plus the total of monthly installments plus the final payment.
The deposit is €600
Total for monthly installments: 60 x €160= €9,600
the final payment is €480
Total for hire purchase= €600 + €9,600, + €480
Total cost for hire purchase=€10,680
Option Bank loan:
cost of the loan will be the principal amount plus the interest charged. Interest is 7% per year for five years. Principal amount is
€8,600
Interest = P x r x t,, since interest on a flat rate
=8600 x 7/100 x 5
=8600 x 0.07 x 5
=€3,010
The cost of the loan is €3,010+€8,600
=€11,610
PLEASE HELP ASAP!!! Which statement describes a strategy for improving ones organization and time management at work ?
Answers
My explanation would be that the other reasons listed are for personal use such as friends birthdays, music, and a new clock, but the third answer is listing things appropriate for a business.
Hope I helped !
Answer:
C
Explanation:
how does advice to clients from lawyers differ from advice given clients by public relations practitioners?
Answers
The advice given to clients by lawyers and public relations practitioners differs in a few key ways. Lawyers provide legal advice and recommendations based on their understanding of the law, while public relations practitioners provide advice on how to protect and enhance a client's reputation.
Lawyers will explain the potential legal ramifications of a decision or action, while public relations practitioners will explain the potential public opinion repercussions.
A lawyer will use their legal knowledge and experience to help their clients avoid legal consequences, while a public relations practitioner will use their understanding of the public and media to help protect and enhance the client's reputation.
A lawyer will advise clients on how to navigate legal matters, such as how to comply with a court order, how to draft contracts, and how to handle conflicts between parties.
On the other hand, public relations practitioners will advise clients on how to interact with the public, handle press inquiries, and promote the client's message. Public relations practitioners may also advise clients on what they can do to maintain a good public image.
Overall, the advice given to clients by lawyers and public relations practitioners differs in the scope and type of advice provided. Lawyers advise on legal matters, while public relations practitioners advise on public opinion and how to maintain a good public image.
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12 POINTS SENd HELP IM BEING TIMED
Explain how can you avoid conflict by adjusting your own behavior?
Answers
Answer:
You can avoid conflict by adjusting your own behavior because if you are calm and don't get irritated with someone it implies that you are not trying to argue or cause a fight.
Explanation:
edge 2020 correct
Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.77 million and create incremental cash flows of $436,811.00 each year for the next five years. The cost of capital is 10.2096. What is the internal rate of return for the J-Mix 2000?
Answers
The internal rate of return for the J-Mix 2000 is 7.98%. This is calculated by finding the point at which the present value of the cash flows of the machine equals its initial cost.
The internal rate of return for the J-Mix 2000 is calculated by taking the present value of the cash flows of the machine. This is done by discounting each of the cash flows by the cost of capital for each of the five years. This gives us the present value of the cash flows of $2,087,639.98. This is then compared to the initial cost of the machine, which is $1.77 million. To find the internal rate of return, we need to find the point at which the present value of the cash flows equals the initial cost. This can be done using a financial calculator or a spreadsheet program. Using a calculator, we input the initial cost ($1.77 million) and the cash flows, discount rate and number of periods (5).The calculator then outputs the internal rate of return of 7.98%.
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In this activity we will discuss consumer preferences.
Read
McDonald's unveils its own meatless patty — the "McPlant"
Watch
Meatless meat a sizzling hot market (1:16)
Explore & Post
Check out the data at https://plantbasedfoods.org/marketplace/consumer-insights/ and answer these questions:
Where do you fall in the spectrum of consumer shopping preferences for food and what generally drives your purchasing decisions?
How have your preferences changed over time? Explain your preferences.
Answers
In this activity, we discuss consumer preferences in the context of McDonald's unveiling its meatless patty called "McPlant" and the growing market for meatless meat. Consumer shopping preferences for food and purchasing decisions can be driven by various factors such as taste, health, environmental impact, and personal beliefs.
How does market research help in purchasing decisions?
1. Reflect on your current food preferences: Consider the types of food you typically buy and consume. Are you inclined towards plant-based, animal-based, or a mix of both products?
2. Identify the factors influencing your decisions: Determine what factors drive your purchasing decisions, such as taste, nutrition, price, convenience, or ethical considerations.
3. Assess changes over time: Think about how your preferences have evolved throughout your life. Have you shifted towards or away from certain food types or choices due to changes in your lifestyle, health, or beliefs?
4. Explain your preferences: Analyze the reasons behind your preferences and the changes you've experienced over time.
By following these steps, you can gain a better understanding of your consumer shopping preferences for food and the factors that drive your purchasing decisions. Additionally, you can reflect on how your preferences have changed over time and the reasons behind those changes.
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According to Boyle's law, decreasing the volume of a gas sample
will result in ________ in the pressure. Boyle's law assumes
constant temperature and a constant amount of gas.
a decrease
an increase
a
Answers
According to Boyle's law, decreasing the volume of a gas sample will result in an increase in the pressure. Boyle's law is one of the gas laws that govern the behavior of gases.
Boyle's law explains the connection between the volume and pressure of a gas at constant temperature and a constant amount of gas. It states that the pressure of a gas is inversely proportional to its volume. That is, if the volume of a gas decreases, its pressure will rise, and if the volume of a gas increases, its pressure will drop.
This law is expressed mathematically as P₁V₁ = P₂V₂, where P₁ and V₁ represent the initial pressure and volume, and P₂ and V₂ represent the final pressure and volume, respectively. In summary, Boyle's law states that when the volume of a gas sample is decreased, there will be an increase in the pressure.
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A dairy plant is producing cream from milk with a fat content of 6% by weight. The cream is to have a fat content of 50% by weight and the skimmed milk produced as a byproduct has a fat content of 1%. Milk supplied to the creamery at a rate of 100 US tons per day. What is the daily skim milk production?
Answers
The daily skim milk production is 144 US tons with a fat content of 0%. fat content in the skimmed milk and the fat content in the cream produced.
To calculate the daily skim milk production, we need to determine the fat content in the skimmed milk and the fat content in the cream produced.
Let's start with the fat content in the cream:
- The milk supplied to the creamery has a fat content of 6%.
- The cream to be produced needs to have a fat content of 50%.
- The fat content in the cream is increasing from 6% to 50%.
The amount of fat content removed from the milk to produce cream can be calculated as:
Amount of fat content in cream = Amount of milk supplied * (fat content in milk - fat content in cream)
= 100 US tons * (6% - 50%)
= 100 US tons * (-44%)
= -44 US tons
Since we cannot have a negative amount of fat content, we can conclude that the fat content in the skimmed milk is 0%.
Now, let's calculate the daily skim milk production:
Amount of skimmed milk produced = Amount of milk supplied - Amount of cream produced
= 100 US tons - (-44 US tons)
= 144 US tons
Therefore, the daily skim milk production is 144 US tons with a fat content of 0%.
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What are the qualifications to become a primary teacher and a secondary? Write them.
Answers
Answer:
The eligibility requirement for a Primary Teacher in a Government School is Senior Secondary School certificate or Intermediate or its equivalent, and Bachelor of Elementary Education (B. El. Ed.), or Diploma or certificate in basic teachers' training of not less than two years duration.
Question 6 of 10
Which of the following skills do employers in any field expect their employees
to have?
A. Ability to use a cash register
B. Ability to lift at least 30 pounds
C. Ability to use word processing software
D. Ability to provide a healthy work environment
SUBMIT
Answers
Answer:
Ability to provide a healthy work environment
Explanation:
All the other answers comes with training and is dependant upon the role
A major drugstore chain whose stocks are traded on the New York Stock Exchange was considering a 2-for 5 reverse split. If the pre-split market cap was 1.71B, what would the post-split market cap be?
Answers
A major drugstore chain whose stocks are traded on the New York Stock Exchange was considering a 2-for 5 reverse split. the post-split market cap be 684 million
What is market cap?Generally, In a 2-for-5 reverse split, every 5 shares of stock are combined into 2 shares. This means that the number of outstanding shares of stock will be reduced by 2.5 times. If the pre-split market cap is 1.71B, the post-split market cap can be calculated by dividing the pre-split market cap by 2.5:
1.71B / 2.5 = 684 million
So, the post-split market cap would be approximately 684 million. Please note that this calculation is based on the assumption that the value of the company's stock remains the same after the reverse split. In practice, the value of the stock may change as a result of the reverse split.
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Starling Manufacturing Inc. has carefully set up strict specifications for raw materials that are sourced from suppliers. It follows a three-step approval process to select new suppliers and ensures that they are aware of raw material specifications. This is an example of: Question 1 options: concurrent control feedforward control feedback control clan control bureaucratic control
Answers
Answer: feedforward control
Explanation:
When using feedforward control, the emphasis is on preventing problems before they occur which means that it involves implementing measures that ensure that potential problems do not occur.
Starling Manufacturing is following this strategy here because they are making sure that their suppliers know their raw material specifications so that problems related to raw material acquisitions are limited.
A portfolio manager has maintained an actively managed portfolio with a beta of 0.2. During the last year the risk-free rate was 5% and equities performed very badly providing a return of −30%. The portfolio manage produced a return of −10% and claims that in the circumstances it was good.
Answers
Answer: See explanation
Explanation:
The formula to use here will be:
required rate = risk free rate + beta × (market return - risk free rate).
where,
risk free rate = 5%
beta =0.20.
market return = -30%.
Therefore,
required return = 5% + 0.20 × (-30% + -5%)
= 5% + 0.2(-35%)
= 5% - 7%
= -2%
Therefore, the return on portfolio should have been -2% but the portfolio manager produced a return of −10%
Since -10% is lower than -2%, we can deduce that the claim of the manager is wrong.
Indicate whether each of the following examples refers to a population or to a sample. a. A group of 25 patients selected to test a new drug. b. Total items produced on a machine for each year from 2019 to 2021 . c. Yearly expenditures on clothes for 50 persons. d. Number of houses sold by each of the 10 employees of a real estate agency during 2020. e. Salaries of CEOs of all companies in New York City. f. Five hundred houses selected from a city. g. Gross sales for 2019 of four fast-food chains. h. Annual incomes of all 33 employees of a restaurant.
Answers
The examples provided can be classified as either referring to a population or a sample. Examples (a), (c), (f), and (h) represent samples, as they involve selecting a subset of individuals ,
items from a larger group. Examples (b), (d), (e), and (g) represent populations, as they pertain to the complete set of individuals or items being considered.
In statistics, a population refers to the entire group of individuals, items, or elements that we are interested in studying or analyzing. A sample, on the other hand, is a subset or smaller group selected from the population.
Example (a) involves selecting a group of 25 patients to test a new drug. Since it is a subset of the larger population of patients, it is considered a sample. Similarly, example (c) involves yearly expenditures on clothes for 50 persons, which is a sample taken from the population of individuals who spend on clothes yearly.
Example (f) states that 500 houses were selected from a city. This represents a sample because it is a subset of the larger population of houses in the city. In example (h), the annual incomes of all 33 employees of a restaurant are considered, representing the population of interest.
On the other hand, examples (b), (d), (e), and (g) all refer to populations. Example (b) mentions the total items produced on a machine for each year from 2019 to 2021, which covers the complete set of items produced. Example (d) involves the number of houses sold by each of the 10 employees of a real estate agency during 2020, representing the complete set of houses sold.
Example (e) refers to the salaries of CEOs of all companies in New York City, encompassing the complete set of salaries. Lastly, example (g) states the gross sales for 2019 of four fast-food chains, which covers the complete set of sales for those chains during that year.
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After a significant economic recession, prices and investing activity in the stock market began trending consistently upward six years ago. In the last three months, this trend has reversed and prices have fallen steadily. How are the past three months of the stock market classified
Answers
Primary bear market is the way the past three months of the stock market classified. As After a significant economic recession, prices and investing activity in the stock market began trending consistently upward six years ago.
What is primary bear market?Primary bear market refers when the price in market starts decline, and it declines more than 20%, it is accomplished by the negative investors and Bear markets can be either cyclical or long-term in nature. It takes more than 8 months.
This question has options that are given below
a. Primary bear market
b. Secular bull market
c. Primary bull market
d. Secular bear market
Thus, option A is correct.
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What is your opinion on traditional directed government benefits versus
universal income?
Answers
Answer:
I believe that a form of universal income would be a better policy than the traditional directed government benefits or welfare.
Explanation:
This is because the idea of the universal income would be to replace the welfare programs, by giving people a reasonable amount of money so that they can decide by themselves in what utilities or amenities to spend that money.
Programs with poor incentives like food stamps, or inefficiently run public-programs, could be replaced by universal income without causing harm to ther beneficiaries, and possibly even generating more benefit.
In July, Harry's shoes sold 8 pairs of purple crocs for $75 each. On the first day of August, he lowered the price of purple crocs to $50 each and sold 27 pairs during the month. Does this demonstrate Elastic Demand or Inelastic Demand?
Answers
Answer:
Elastic Demand
Explanation:
The term elastic means stretchy or stretching. Elastic demand implies a demand that is changing or moving.
Elastic demand is the term used to describe the demand for a good that changes due to an increase or decrease in prices. A product or service whose demand changes significantly in response to a small change in price is said to have elastic demand.
The scenario described in this case is that of elastic demand. The demand for purple crocs rose from 8 in July to 27 in august. An increase of 19 units, which represents an increase of 237 percent. The increase in demand was a result of a decrease in price from $75 to $50. The price changes by $25, which is a decline of 33 percent. A drop in price by 33 percent results in a rise in demand by 237 percent is an illustration of elastic demand.
Connie Duffy started working for Dexter Company on Thursday of this week. She worked 8 hours on Thursday and 10 hours on Friday. Her annual salary is $62,400, and she is an exempt white-collar employee.
Determine her gross pay for her first partial week of work.
Answers
Answer: $480
Explanation:
Therefore, her gross pay for her first partial week of work will be her prorated weekly salary.
To calculate this, we first need to determine her daily salary:
Daily salary = Annual salary / Number of workdays per year
Number of workdays per year = 52 weeks × 5 days/week = 260 days
Daily salary = $62,400 / 260 days = $240 per day
Since Connie worked two days (Thursday and Friday) in her first week, her gross pay will be:
Gross pay = Daily salary × Number of days worked
Gross pay = $240 per day × 2 days = $480
Therefore, Connie's gross pay for her first partial week of work is $480.
To calculate Connie Duffy's gross pay for her first partial week of work, divide her annual salary by the total number of days in a year and then multiply it by the number of days she worked.
Explanation:To determine Connie Duffy's gross pay for her first partial week of work, we need to calculate her daily pay rate and then multiply it by the number of days she worked. Since she worked 2 days in this week, her daily pay rate would be her annual salary divided by the total number of days in a year. In this case, it would be $62,400 divided by 365. Next, we multiply the daily pay rate by the number of days she worked (2 days) to find her gross pay for the first partial week. So, her gross pay would be $341.64.
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Question 1 of 3
The bank limits deposits to $200 per day. Ash has $300
to deposit. What should she do?
Select a response.
A Make multiple deposits over a few days
B Not agree to the Terms and Conditions
Answers
According to the information provided, Ash should make several deposits spread out over a few days. Thus option A is correct.
Ash can divide the deposit into two separate transactions because the bank only allows deposits of $200 per day and she has $300 to deposit. She is permitted to deposit $200 on the first day and the final $100 on the second day.
She will be able to successfully complete her deposit and stay inside the bank's deposit cap with this method. The correct response is, "Make several deposits over a few days."
Therefore, option A is appropriate.
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It's essential to know how to check your account balance in order to manage
your money. Which of the following is not an effective way of checking your
balance?
O Check your account online.
O Call the financial institution directly. .
O
Download the financial institution app.
O Contact the FDIC/NCUA.
Answers
Answer:contact the FDIC/NCUA
Explanation:The FDIC/NCUA would not be able to provide any account information. FDIC is Federal Deposit Insurance Corporation and it’s an independent agency. NCUA is National Credit Union Administration is also a independent agency. FDIC are for banks and NCUA is for credit unions. They both regulate and insure deposits.
Answer: Contact FDIC/NCUA
Explanation: Everfi quiz
Which of the following will probably happen to a product when demand is low?
A. The price will go up.
B. The price will go down.
C. The price will stay the same.
D. The price will change based on inflation.
Answers
Answer:
Answer = B
Explanation:
If nit many people want a product the seller would lower the price to make it seem like a bargain or make it more affordable